Captaaain_fx

End of the year analysis on BTC

PHEMEX:BTCUSDT   BTC / USDT Spot Trading Pair
Not financial advice.



I have what i call the ABC plan for BTC
Each case study has an entire trading plan designed for the possible scenario that might happen, but in anyway the bearish gains ratio against the bullish scenario (2:1)
When you look closer and on higher TFs you will notice bearish patterns forming up sharply giving signals for a possible downtrend. The daily is forming a head and shoulder pattern with the first shoulder and head already complete, the second shoulder is shaping up well too, likewise the weekly TF, in conjunction with other technical indicators and price action strategies i am bullish on smaller TF to the levels of 54k, 64k and 69k respectively and on the other hand i am on the larger TF extremely bearish up till 28k and if that support (28k) doesn't hold then we could see 10s aagin.

This is my personal view and not a financial advice.
DYOR
NFA
thank you and happy holidays.
Trade safe

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